ENI have until this Tuesday to farm into Heron. ENI farmed into Blackwood the day before the option which also just happened to be a Monday. Announcement tomorrow??
I concur with IAM's last post re ENI farming into Heron with all eyes now surely on Heron North and Blackwood West. It really is Time to zero in on proven zones and get the proven resources flowing as TS has progressed more in the last 12 months than in the last ten years. Last TS announcement is oh so much more than spin. That is, MEO and the Tier One Asian methonal buyers are formalsing (and proving) a market to the owners of all that stranded gas. The latest announcement's map just highlights the tens of tcf of high co2 gas stranded. With development costs through the roof, what else are the owners of that high co2 gas going to do with it?
I continue to accumulate.
Regards
ADL
MEO Price at posting:
8.6¢ Sentiment: LT Buy Disclosure: Held
